416-418 Carleton Avenue, Hazleton

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About This Property
Discover a Prime Investment Opportunity in the Heart of Hazleton! This beautifully updated fourplex apartment is a rare gem situated in a charming neighborhood. Each unit boasts a thoughtful layout, ensuring your tenants will feel right at home and never want to leave. With 4 tenants already in place, this property is well-maintained and ready to generate revenue from day one. Recent enhancements include a new roof (2022) and deck railings for each unit, significantly boosting curb appeal. The complex features three two-bedroom units and one spacious three bedroom, this unit spreads across two floors, providing comfortable living spaces for all tenants. Each unit is equipped with essential appliances, including refrigerators and washer/dryers, and the property benefits from four separate electric meters, allowing tenants to pay their own utilities. This four-unit boasts a strong monthly income of $4,120, totaling a gross annual income of $49,440, this investment promises an impressive return. Detailed information is available upon request. Conveniently located, it's just a short drive to hospitals and local amenities, enhancing its appeal for residents. Don't miss your chance to own this exceptional property! Opportunities like this are rare, so schedule your showing today and secure your future in real estate!
This property has sold and is no longer on the market. It sold for $350,000 in January 2025. Contact us for other recent sales nearby. Listed by One Valley Realty,LLC.
Property Details
The Property
- Property Type
- Residential Income
- Sub-Type
- Multi Family
- Style
- 3 or More Units
- Condition
- Good
Interior
- Basement
- Concrete
- Interior Features
- Drywall
- Included
- Refrigerator, washer and dryer in all units
Systems
- Heating
- Natural Gas, Hot Water
- Water
- Public
- Sewer
- Public Sewer
Exterior & Lot
- Exterior
- Aluminum Siding
- Roof
- Composition
- Outdoor
- Deck, Porch
- Garage
- Detached
- Lot Dimensions
- 2614
Location
- County
- Luzerne County
- School District
- Hazleton
- Zoning
- Apartment Residential
Costs & Listing
- 2021 Taxes
- $3,135
- Gross Income
- $49,440
- Net Operating Income
- $34,147
- Cap Rate
- 9.51%
- MLS #
- 24-5219
- Listed By
- One Valley Realty,LLC
Sale History at This Address
- January 2025 · this sale$350,000
- April 2022 · MLS #21-5952$205,000
Between April 2022 and January 2025 the sale price for this address rose $145,000 (70.7%). Prices are as reported at closing.
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